M&A Deal Summary

HF Sinclair Acquires Holly Energy

On December 1, 2023, HF Sinclair acquired energy services and equipment company Holly Energy

Acquisition Highlights
  • This is HF Sinclair’s 1st transaction in the Energy Services and Equipment sector.
  • This is HF Sinclair’s 4th transaction in the United States.
  • This is HF Sinclair’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-12-01
Target Holly Energy
Sector Energy Services and Equipment
Buyer(s) HF Sinclair
Deal Type Add-on Acquisition

Target

Holly Energy

Dallas,, Texas, United States
Holly Energy is a provider of petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry. Holly Energy was founded in 2004 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

HF Sinclair

Dallas, Texas, United States
Category Company
Sector Oil/Gas Exploration
Employees5,218
Revenue 32.0B USD (2023)
DESCRIPTION

HF Sinclair is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Sinclair Oil

Salt Lake City, Utah, United States

Sinclair Oil is a vertically integrated oil company involved in all aspects of our industry – from oil and gas exploration to motor fuel distribution. Sinclair Oil has executive offices in Salt Lake City, Utah; two refineries in Wyoming; and over 1,600 branded Sinclair stations in 29 states.

Buy $1.8B
Mergr

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